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Why Is Booz Allen Hamilton (BAH) Stock Soaring Today
Stock Story ·
Stock Story reports: What Happened? Shares of government consulting firm Booz Allen Hamilton jumped 5.3% in the afternoon session after Truist Securities analyst Tobey Sommer upgraded the stock from Hold to Buy. According to Streetinsider, Sommer raised the price target to $85 from $70. He said the drop in civil revenue is nearing a bottom and that strength in national security is still underappreciated. Democratic control of Congress, he said, could lower the risk of further cuts to civil…